Siacoin Cryptocurrency Review – free the fresh storage of the planet

Siacoin Cryptocurrency Review – free the fresh storage of the planet. Sia’s key goal is to present storage into the shared economy. Sia’s team believes that it is possible to free the fresh storage of the planet and combine it in a free market. Under this configuration, the information is distributed across a huge network. The Sia platform is open source under the MIT license and gifts us with a brand new storage platform where the client has complete control of their data.

SiaCoin job offers users to store files in the cloud using other users’ free disk space and people with free disk space to earn something extra by supplying it to the network. Sia uses SiaCoin, a crypto currency token that’s used for accessing contracts to store your documents as well as to get paid for sharing your own free disk space. The SiaCoin can also be available for mining in a more traditional manner, which means you might want to test this in addition to an alternate way for getting the crypto currency token utilized by the agency instead of trading it in a market.

RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK

Siacoin Cryptocurrency Review – free the fresh storage of the planet

Siacoin project began as a concept back in 2013 at HackMIT. The idea is simple, allow anybody to rent out their storage area and in return reward them for their contribution. Everyone can rent out extra space on their PC to the Sia decentralized community and get compensated in Siacoin. Similarly, any user that wishes to utilize Sia storage should cover Siacoins to some host.

Now’s cloud storage solutions are largely centralized and the data is currently stored on a third party server. Together with Siacoin, the storage would be decentralized as each user would donate their share of sources.